From a customer perspective, "there's no wow there," Walden says, it's more about "putting lipstick on a pig."

沃尔顿认为，从顾客的角度来看，“毫无惊喜。”猪抹上口红也还是猪。

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On the other hand, Kozlowski also had a knack for putting lipstick on a pig--not to mention putting his hands in the till.

FORBES: Strategy

And then of course there's the charge that when he said putting lipstick on a pig he was referring to Sarah Palin, which seems to not to be supported by the evidence.

NPR: Grading Palin's TV Appearance

"Without the legally binding contract that the European retailers have signed, it's just putting lipstick on a pig, " said Bob Ross, a critic of sweatshops who teaches sociology at Clark University in Worcester, Mass.

WSJ: Wal-Mart Announces Own Bangladesh Safety Plan